By alexandreBusiness

Portugal’s PM soothes investors after resignation over corruption probe

Portugal’s PM soothes investors after resignation over corruption probe

Portugal’s Prime Minister, António Costa, addressed concerns from investors and the public after the recent resignation of his Deputy Prime Minister, Paulo Portas, due to a corruption probe. The investigation has raised doubts about the integrity of the government and its ability to effectively govern. In an effort to restore confidence, Costa pledged transparency, cooperation with authorities, and a commitment to fighting corruption.

Costa’s response to the corruption probe

António Costa acknowledged the seriousness of the corruption probe and emphasized his government’s commitment to cooperating fully with the authorities. He stated that no one is above the law and that any wrongdoing would be thoroughly investigated and punished.

Costa also highlighted the importance of maintaining stability in the country during this challenging time. He assured investors and the public that the government would continue to focus on economic recovery, job creation, and improving the lives of Portuguese citizens.

Transparency as a priority

To address concerns over transparency, Costa announced several measures to improve accountability and prevent future corruption scandals. These measures include stricter regulations for government officials and increased transparency in public procurement processes.

Costa pledged to work closely with civil society organizations, whistleblowers, and investigative journalists to uncover any instances of corruption. He emphasized the importance of supporting these groups in their efforts to expose and combat corruption.

Commitment to fighting corruption

The Prime Minister reiterated his government’s commitment to fighting corruption at all levels. He emphasized the need for a strong rule of law and the independence of the judiciary to ensure impartial investigations and fair trials.

Costa also promised to prioritize the strengthening of anti-corruption institutions and improve their resources and capacities. He stated that corruption undermines democracy, hampers economic development, and erodes public trust, and his government would spare no effort in combating it.

Rebuilding confidence

While acknowledging that the resignation of his Deputy Prime Minister had shaken confidence in the government, Costa expressed his determination to rebuild that confidence. He emphasized the stability of Portugal’s institutions and the resilience of its democracy.

Costa assured investors that his government remained committed to fiscal responsibility and would continue implementing reforms to improve the business environment and attract foreign investment.

António Costa’s response to the resignation of his Deputy Prime Minister due to a corruption probe aimed to reassure investors and the public. By pledging transparency, cooperation with authorities, and a commitment to fighting corruption, he sought to restore confidence in his government’s ability to effectively govern and promote economic stability.

Costa’s emphasis on accountability, stronger regulations, and support for anti-corruption institutions demonstrated his government’s commitment to preventing future corruption scandals. While challenges remain, Costa’s efforts to rebuild confidence and prioritize economic recovery are crucial steps towards addressing the concerns raised by the corruption probe.